Polymesh (POLYX)

€ 0,15430

-0,19 % € -0,00029

Polymesh Price in Euros

(POLYX to EUR)

€ 0,15430

Polymesh Volume

(24h)

€ 6.01 M

Market Cap

(Polymesh)

€62.94 M
BTC

What is Polymesh

Polymesh is a platform for issuing and trading security tokens. These types of tokens represent a share or dividend within a company.

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How does Polymesh work?

To create security tokens, Polymesh uses the ST20 token standard. This is a token standard developed by Polymesh itself, and similar to the ERC20 token standard used on Ethereum's blockchain.

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How to buy Polymesh?

Want to buy Polymesh (POLYX)? In the Netherlands and Belgium you buy Polymesh at Coinmerce. Indeed, here you can buy POLYX with iDEAL, SEPA, Bancontact, Coinmerce Coins, Giropay, MyBank and credit card (Mastercard and Visa).

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How to buy Polymesh?

In the purchase window you specify how many POLYX tokens you want to buy, or enter a euro amount. Then it is possible to place a market order directly. You then buy POLYX at the current market price. Advanced traders can choose the stop-limit order or repeating order. The repeating order is ideal when you buy the Dollar Cost After completing the purchase, you will find your POLYX coins directly in your personal Coinmerce wallet. Here you can leave them, although it is also possible to send them to an external wallet. For example, a hardware wallet from Ledger or Trezor. Coinmerce itself stores most of its tokens in cold storage. In addition to Polymesh, you can buy more than 120 different crypto coins and tokens from Coinmerce. You can store these cryptocurrencies or use them for staking or Earn. This is how you earn a passive income with Polymesh and other cryptocurrencies at Coinmerce.

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About Polymesh

Polymesh is a platform for issuing and trading security tokens. These types of tokens represent a share or dividend within a company. Setting up such tokens is less easy than you might think. In fact, shares must meet strict regulation. Therefore, developing security tokens involves a lot of work and time. Yet the team behind Polymesh has managed to find a solution to this problem. Polymesh consists of three layers. These are the application layer, legal layer and protocol layer. Within the network, the Legal Delegates take care of issuing security tokens. The developers prepare the smart contracts for these security tokens, after which an issuer pays the Legal Delegates and developers for their services. By regulation, users must go through a KYC procedure to verify the identity of users. The Legal Delegates, developers and KYC providers are rewarded for their work through POLYX tokens. POLYX is Polymesh's utility token and uses the ST20 protocol, just like all other tokens running on Polymesh. This protocol is similar to ERC20 protocol and ensures that security tokens comply with laws and regulations.

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Founder Trevor Koverko
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Founded 2021
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Industry Software Development
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Website Website
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Network Polymesh
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Location Zug, Sw
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Rank 282
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Market Cap 62.94 M
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Trading volume 6.01 M
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Circulating 403.26 M
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Twitter Twitter
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Linkedin Linkedin
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